programs and documentaries in spanish what matters to you. but will turn a deaf angle this story. here to. the spanish to find out more visit actuality. hello you're watching business on r t welcome to the program. germany may soon bring its foreign gold reserves home caving into the years of public pressure the move could help restore confidence domestically but the timing could hardly be coincidental just weeks before the united states hits the so-called debt ceiling the failure to lift it higher threatens the stability of the world's largest economy our correspondent in germany peter all of our has all the details. well

just a couple of months after the bundesbank told us that the vast majority of german gold reserves being placed abroad was in the best interest of everyone it seems they're bringing a huge chunk of it back home here to germany now by twenty twenty almost seven hundred tons of german gold reserves will be brought into the vaults of the banks in frankfurt now that gold is being taken out of paris and out of new york where it has been stationed along with the gold it's also in london now all of the gold that had been placed in paris will be taken out and brought the frankfurt and a huge portion of what is a in new york as well right now now the reasons are being given for this is the in terms of paris well it's not really needed to be there anymore it was placed there during the cold war of course the security threat isn't an issue anymore also they say this well in times of need say if they needed to get foreign currency quickly

it's no point having it in paris france and germany because both have the euro some eyebrows have been raised about why this is taking place now though over ten years it's been since. ten friends in germany have had the single currency now with regard to the united states they're saying that it's just best to have it all to have some of it in new york of course for the foreign currency exchange but they want to have more of it back in germany some doom mongers have suggested though that this can be showing a slight lack of faith in the current economic situation in the united states right now however it seems though that there has been a political leaning placed upon the bundesbank with this decision there was a huge internet campaign here in germany called bring all go home they were saying this in fact that the bundesbank didn't know exactly how much gold they had or exactly where it was being kept in these foreign countries the politicians have heard that of course we're in election year here and it seems that they've heeded

that message and sold upon this bank are not gold. and since twenty thirteen is an election year in germany many see the move as being politically motivated. the petition actually jumped on the on that issue when the report came out and they said it it's going to list the spying it's not in physical control of the gold that they don't even have proper proof where the gold is located and so on and by doing this i think they put a lot of pressure on the one the spying that they had to justify themselves and so on i think this is what happened now the bonus plan basically tries to. make sure show to the public they're actually acting properly and that's the whole story and let's quickly run through the markets to see where we stand this wednesday on wall street it's a mixed picture and dusters are sitting on the sidelines despite some pretty upbeat earnings reports namely from j.p.

morgan chase and from goldman sachs but boy it is one of the mean losers driving the dow down as you can see after several incidences with its latest aircraft seventy seven dreamliner raised concerns about its safety over in europe what we're seeing there is that shares are struggling for direction after the world bank cut its forecast for global growth the footsie finished today about a quarter percent down the dax managed to stay above the line. and on the currency markets the euro is weaker to the dollar and as you're seeing on your screen the russian ruble closed higher to both major currencies here in moscow equities traded pretty much in sympathy with the global markets r.t.s. ended the day down about a third of a percent there my sex finished the trading session flat to negative. with a less than a week to the start of the world economic forum in davos russia's gathered its own

bright minds and its power brokers to discuss the ever changing global economy and of course russians place in it to tell the people who brings us the latest from the gaidar form in moscow. russia of course one week of privatization and the global integration war the main point and we trim a bit of speech here at the gaidar forum one of the keys speakers the head of the world bank's development prospects on the market says hey skeptic but the prime minister's message to subjects that struck me most was still was increased openness to the wills the prime minister emphasized that a lot of his speech when he talked about the regional polarization in the media he said that it's not just chile for yourselves but it has to be an open call regime and alternately you want to integrate also more with europe want to integrate this because the pacific and you want to be come far the field should be what will the

growth come from before cost of global growth since just a both two percent. apart from the crisis year two thousand and nine the lowest in ten years has a lot to do just a problem still in your high income countries continue to low growth in europe we actually for see another contraction next next year there was disappointment in the united states especially in the sewage water the construction of investments are very much linked to the i'm sure the situation around the fiscal position there was some disappointment in japan it spills over tools to the developing countries and i think in general what i can see that for russia will show itself in countries are still performing some of the growing much faster than the high income countries but no longer at the level of before the crisis invites should be expected to see you

percent and that's only harmful what it was years before the crisis cold developing and emerging countries to come together we expect close to five five percent that is much less than the seven percent growth rate in here so that means that many of those fine. school teaching to read are no we've seen all the lower growth trajectory and that is why why complete the focus should be much more now stimulating the supply side the reason for the d.v.d. and that's why we're so interested in this focus on the face of. the global financial downturn has been a blessing for a famous designer duo dolce and gabbana they've joined the ranks of the world's richest that's according to the bloomberg billionaire and x. to many could all chance to find a job on a mated to the list for the first time thanks to a rise in global demand for luxury goods according to some estimates luxury market last year reached two hundred seventy five billion dollars it's been growing at

least ten percent annually for the past three years. and that's all the latest from the business team this wednesday coming up after the break r.t. speaks to a former legal advisor to the palestinian negotiating team about peace prospects leadership and holding a weak israeli government accountable. congress' approval rating has hit an all time low never has american recorded history been so disappointed with the lawmaking body the united states even former arkansas governor mike huckabee said that their approval ratings are just barely above the pedophile so i guess that's good news for the disgusting pedophiles out there soon you won't be the most hated group in america anymore but i don't think this

statistic reflects the quality of government but so much the quality of the governed in some small country with a hard to pronounce name if the government became that unpopular the country would simply collapse but no matter how many wars congress gets involved in and no matter how many jobs are shipped overseas or no matter how much the american dream gets stamped out everyone still rallies around obama and votes democrat and republican this popularity rating doesn't show how effective the government is it shows how arrogant they are because they seem to have no fear whatsoever getting reelected or being punished in any way for their bad behavior so you know congress i have to save us keep up the good work go for one percent popularity and maybe someone will actually do something about you but that's just my opinion. it's technology innovations all the developments around us. the future are

covered. deadly rivals some decades. if good fifteen thousand people killing each other in any other country there would be diplomats there would be a. self-imposed out costs from society i will cut myself chemical attack my brother understand my contact immediately. going to basically attack the cause of my anger and my frustration. that. well into the top. two of the most violent gangs in us history. is just all model kill or be killed

with the colors matching the national flag. but this country uses violence when it reaches and then it legitimizes the violence they all made in america on the autopsy. you know how sometimes you see a story and it seems so for like you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that

everything you thought you knew you don't know i'm tom harpur welcome to the big picture. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada after a. giant corporations are on the day.

with me now have diana buttu a lawyer and the formal legal advisor to the palestinian negotiating team diana thank you very much for joining us here i was you i'd like to start with the united nations but that gave the palestinians upgraded status president abbas said that the vote was a turning point but was it have the rules of the game changed. one of the problems with the creating of the status is that it was done largely for symbolic

reasons and not really for anything that is legal reasons i wish that it could be a turning point in in other words i wish that my what i would abandon the strategy of negotiations and listening goshi actions and instead start moving towards a legal strategy or trying to hold israel accountable or trying to get world support but he's not doing that and instead my fear is that this was largely a symbolic move designed to boost his own popularity of popularity that's been dropping but that it's really not going to change anything on the ground other than the science but if anything could it be argued that it's backfired because since that announcement there have been at least five thousand settlement units that have been announced by the israeli government both the israelis would have built the settlements with or without the u.n. status it's the settlements are the one feature that has existed in this place since one nine hundred sixty seven but pretty much within two weeks of the start of

israel's occupation in june of one nine hundred sixty seven settlements began and there's never really been a stop in settlement construction the israelis are always looking to an excuse and point you to get to an excuse but they're not never really serious. about it's always a question of just building and expanding settlers because they can nobody's help them accountable and so going back to the u.n. vote i wish that he would use this opportunity to change the rules of the game to sign on to the international criminal court and to start holding israel accountable for this settlement construction expansion these are war crimes i wish he would also go and declare this apartheid just in the same way that other south african leaders have declared this apartheid so why doesn't he in large part because he's heavily dependent on foreign aid. more than seventy percent of palestinian the day to day palestinian economy comes through the through through assistance from from foreign donors and i think that he's afraid that there will be real

repercussions if he goes down that path the other problem is that he's simply non-confrontational and really doesn't want to go down this path of actually having to bear the brunt of continuing to push forward for an end to israel's illegal activity is there almost a crisis in the palestinian leadership i mean you're talking about the shortcomings of a bus but it's no secret that there is a huge rivalry between hamas and fatah and no unified leadership on that front either we've had a crisis of leadership for a very long period of time and so have the israelis on the palestinian side the crisis of leadership is that we don't have a leader who is willing to really stand up and try to unite palestinians together try to push for an end to israel's military occupation who will try to bring together and embolden palestinians and give them something to push for instead we've seen a leadership that is more interested in remaining in power both the leadership in

the west bank stays in power without elections leadership in the gaza strip is also there their term expired long ago and so in terms of the palestinians there's a crisis of leadership but there's a bigger crisis of leadership in among the israeli. yes we have an israeli prime minister who go to extreme lengths to continue to build and expand israeli settlements who doesn't want to confront the settler movement who simply wants to had israel down the path of war and is willing to go to extreme lengths to get himself reelected including attacking and yet if we go back to the u.n. but the israeli point was that it was a unilateral move that should not have been undertaken rather that israelis and palestinians should first sort of on the negotiating table i mean be hearing one of the israeli spokespeople saying that you can't make peace without actually recognizing your partner so why haven't the palestinians come forward to the negotiating table well let's talk about you know lateral measures in the first and former first unilateral measure was taken by israel continues to be taken by israel

and that's building expanding the illegal settlements they have never consulted the palestinians and said we want to build here we want to build there are all of legal under international law so in terms of unilateralism it's always been the israelis have been pushing forward on the question of unilateral us all and it's for that very reason that palestinian negotiators now are not sitting down with the israelis because you can't continue to sit down and negotiate with the israelis while at the same time they're eating up the very land that you're supposed to be negotiating over that doesn't make sense what does make sense is to begin to put into place measures to hold israel accountable it's important to keep in mind that it's israel that's occupying the palestinians not the other way around and it will be israel that has to end its occupation not the other way around so for us to move forward now is the time that we have to see concrete unilateral concrete excuse me international measures to hold israel accountable do you think negotiations can still work between israelis and palestinians absolutely not i was

a part of the negotiating team for a period of five years and the negotiations failed to in that period of time they failed before i was there and they failed after i left as well they failed for a number of reasons but primarily because. we had two very unequal parties israel being the more powerful party and the palestinians being the weaker party and at the same time while negotiations were being conducted israel as the more powerful party had the ability to change the rules of the game and to build and expand more israeli settlements sitting at the negotiating table it was always a question of power and without another party to balance out that imbalance of power negotiations will always fail and what's the alternative tenet only be unilateral moves i think that the alternative is to begin to make this into a much more international issue by beginning to bring in international countries other countries around the world to hold israel accountable whether that's through sanctions whether that individual individuals boycotting israel whether that's

through question of divestment or whether it's through israel's isolation it's no longer going to be a case or able for the weak palestinians to stand up to a very strong nuclear power israel and to expect that those that the occupation is somehow going to end but we're hearing from the palestinian leadership that they are planning to launch an initiative to the new negotiations with the israelis so it doesn't seem as if they've completely given up on negotiations you know the definition of insanity i believe albert einstein said this is to do things over and over again and expect a different result palestinians have been negotiating with the israelis now for twenty years so i'm not sure that that this meets the definition of insanity but i think it's pretty close the idea of going back to negotiations when we've seen what the outcome has been in the past to me seems futile i think instead this is a leadership that should start empowering palestinians it should start pushing for

nonviolent resistance if start pushing for boycotts it should start pushing the world to sanction israel to isolate israel this is the type of leadership the palestinians need in these are the steps that will work you were a former advisor to the palestinian press. of mahmoud abbas did you quit because you lost faith in the gauche asians absolutely absolutely it was a. i went through a very deep crisis of faith when i began to see that the only strategy that was being adopted was one of negotiations in the face of calculus calculus. announcements of settlement expansion in the face of israel's construction of the wall. and the only position that the palestinian authority continued to adopt was to go back to more and more negotiations without any visions without without any sort of idea of what would happen if those negotiations failed i couldn't be part of that process any longer

what the terms for peace be different now than they were when you were negotiating back in two thousand two thousand and five no they're there precisely the same and one of the problems that we faced during the negotiations was that israel was unwilling to recognize the playability of international law meaning that all of the territory that it occupied in one thousand nine hundred sixty seven does not belong to israel the world has said this they said this in one thousand nine hundred sixty seven they've continued to repeat this every every year and yet every step of the way israel wanted to build and expand more and more settlements to be able to take more palestinian land in order to change the batteries in the borders if you if there is a real commitment to peace on the part of israel. recognize that it has to be part of the international community and recognize that in being part of the international community has to abide by international law it can't be above the law and palestinians can't be beneath it so the terms haven't changed at all what has changed is that over the course of the past forty five years there's now been

cemented a mindset among israeli settlers that this land is there and the reason that this mindset has been cemented is that nobody has actually challenge the israeli settler movement to force them to get out rather than forcing them to get out the government provides them to incentives to move and that's where the problem lies if you were advising president of us today what advice would you give him the first thing i would say is move away from moves that are largely symbolic and start focusing on holding israel accountable i would encourage him to sign up to the international criminal court right away. to start pressing for the crime of apartheid to be challenged israel's crime of apartheid to be pushing for israel's isolation due to the fact that it's been building expanding settlements i would also be advising him that he should be empowering palestinians to go out and protest nonviolently and that he will be at the helm he will be leading the way not

just sitting in a very fancy. office just across the street from where we're sitting right now and i would advise him as well that he should be pushing the international community to be isolating israel and that he should always at the same time be speaking very clearly in terms of. an end to israel's illegal activity and the reinstatement of palestinian rights do you think there's a real chance for peace between israelis and palestinians in the short term no no i mean in the short term very pessimistic but in the long term i'm optimistic i'm pessimistic because i see that things aren't going to change but in the long term i feel that this is not going to be sustainable then a boot who thank you very much for joining us here on r.t. thank you my pleasure.

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